Navigation Links
Turning Life Insurance to Cash
Date:6/24/2008

RUSHVILLE, Ill., June 24 /PRNewswire/ -- With the skyrocketing cost of everything from gas to food to healthcare, many seniors are struggling to make ends meet. Thousands have already turned to a relatively new option known as a life settlement. "A life settlement is more or less a recycling program for life insurance policies, and has helped thousands of seniors get the cash they need right now," says Norman Hood, an independent insurance adviser in Rushville, Illinois. "Thanks to a new program, TermtoCash, up to 40 percent more seniors could benefit from this already popular financial tool."

What is TermtoCash?

People essentially rent insurance when they buy term life. When retirement comes, some convert from term insurance to permanent insurance. Most decide it is an unnecessary expense. As a result, nearly all term life insurance policies lapse without value. TermtoCash gives seniors another option. TermtoCash is a unique life settlement program designed to provide additional life settlement options to seniors over age 55 by purchasing policies that aren't eligible for other life settlement programs.

How much money can you get?

"It depends on several factors, including your age, the face value of the policy and the amount of the premium that investors will have to pay to keep the policy in force," says Hood. Policyholders can get an estimate of the potential value of any life settlement by visiting http://www.termtocash.com and following the link to Hood's LIVEpdq calculator. "I created LIVEpdq to allow seniors to find out how much money they can get without having to deal with a high pressure sales pitch. All the information they need is on my site."

Who should consider TermtoCash?

Most types of life insurance policies, including universal life, whole life and corporate owned policies are eligible for life settlements. Term life insurance policies must be convertible to qualify, meaning they can be changed to universal life or whole life policies without proving good health. Hood says most term polices are convertible to at least age 65. Many are convertible longer, occasionally past age 80.

According to Hood, his LIVEpdq calculator can assess a person's eligibility for both a traditional life settlement and the expanded TermtoCash program. "Not everyone should sell their policy, but anyone past age 55 should at least obtain the free LIVEpdq estimate of what their policy is worth."

CONTACT: Norman Hood

800-642-8695


'/>"/>
SOURCE Norman Hood
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Depression Taking Toll on Returning U.S. Vets
2. Returning Troops Get Help for PTSD
3. Easter Seals Launches Program for Veterans Returning from Iraq and Afghanistan with Traumatic Brain Injuries
4. Lilly Grant to VA Will Enhance Services for Returning Combat Veterans
5. Capsule endoscopy turning up undiagnosed cases of Crohns disease
6. Remarks by President Bush, Senator Bob Dole and Secretary Donna Shalala on Commission on Care for Americas Returning Wounded Warriors Report Implementation
7. Turning Pointe Therapeutic Riding Recognized for Excellence in Providing Equine-Assisted Therapies to People with Disabilities
8. Non-Profit Calls on Mental Health Professionals to Honor Veterans Day by Giving an Hour of Free Counseling to Returning Veterans
9. VH1 Set to Continue Its Record-Breaking Pace Into 2008 with Brand New Premieres and Returning Series
10. USA TODAY to Report Special Series "Turning 62: The Retirement Boom Begins"
11. Turning on adult stem cells may help repair bone
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/20/2017)... (PRWEB) , ... January 20, 2017 , ... Doctor C ... it attended the January ECRM trade show to continue the marketing and distribution of ... C supplement, known for providing 400 percent better absorption than traditional vitamin C supplements. ...
(Date:1/20/2017)... ... January 20, 2017 , ... International Protein, a company based out of ... it attended the January ECRM trade show in Hilton Head, SC. , International ... determined to create a line of products that would elevate her fitness regime. At ...
(Date:1/20/2017)... ... ... “Mary Magdalene: Grace is Greater than Sin”: a unique and memorable piece of ... Magdalene: Grace is Greater than Sin” is the creation of published author, Brenda Roberts, ... who had little knowledge of the female characters portrayed in the Holy Bible. ...
(Date:1/20/2017)... Farmville, NC (PRWEB) , ... January 20, 2017 ... ... the vPEP ® Oscillating Positive Expiratory Pressure (OPEP) device, was featured in ... article by Doug Pursley, MEd, RRT-ACCS, FAARC, “Analysis of Three Oscillating Positive ...
(Date:1/20/2017)... ... ... “The Land of More and More”: a brilliant story for children ... the simple and achievable answer. “The Land of More and More” is the creation ... in Angola, Indiana where he works with the children’s ministry department. , Michael ...
Breaking Medicine News(10 mins):
(Date:1/19/2017)... 19, 2017 Incretin Mimetics/GLP-1 Agonists, SNDRIs, Lipase ... The global anti-obesity drugs market is expected to ... the forecast period and CAGR of 38.7% in the second half ... a CAGR of 32.8% from 2016 to 2027. The market is ... $24,063 million in 2027. ...
(Date:1/19/2017)... -- Accuray Incorporated (Nasdaq: ARAY ) announced ... set the bar for excellence in customer satisfaction. The ... rating among radiation treatment delivery systems in the U.S., ... Briefing™. The most recent ratings trend also shows Accuray ... for 11 of the past 12 quarters. ...
(Date:1/19/2017)... LONDON , January 19, 2017 ... Grothey ; European Oncology & Haematology, 2016;12(Suppl 2):3-8; ... ... http://photos.prnewswire.com/prnh/20151014/276718LOGO) Published recently in ... the peer-reviewed journal from touchONCOLOGY, an article by ...
Breaking Medicine Technology: